In X’s EU user base report consisting of data from February to July 2023, Musk’s social media platform had 112.2 million monthly active users in the EU. In the following six month period from August 2023 to January 2024, that number dropped to 111.4 million users.
You’re assuming he gives a shit about how much profit it’s making.
It’s not a public company, it’s now his private playground to try to get millions of people to see only the “free speech” he wants them to see, and exert political influence.
You don’t get to become a billionaire, let alone the wealthiest person on earth, without being a greedy fuck. Remember he never actually wanted to buy Twitter, only tried hard to spin the narrative after being sued into it.
Indeed. Active users (say, used within the past month) is a much better metric.
I often wonder about this for many (especially older) YouTube channels - your channel is 15 years old, how many of your 500k subscribers actually still watch or even have active accounts?
I wonder what subscriber growth rate a typical YouTube channel needs just in order to maintain a consistent level of watchers?
You are a MAU if you use the platform once a month by opening the app by mistake, and also if you doom scroll for 10 hours a day.
You continue to be one if you go from one to the other. Musk has been cherry picking stats before, so what they release will be the nicest numbers they can find.
That’s a minuscule drop % wise
True, but we live in an economy that only rewards growth…
You’re assuming he gives a shit about how much profit it’s making.
It’s not a public company, it’s now his private playground to try to get millions of people to see only the “free speech” he wants them to see, and exert political influence.
He’d love to also milk it financially, but that’s actually really hard to do with Twitter.
You could say though as a capitalist he also gets a return on investment by manipulating public opinion in favour of conservatism.
I don’t think he even cares that much about money, except that it’s useful/needed for the things he wants to accomplish.
Unfortunately, the things he wants have gotten steadily shittier and shittier and more disgusting over the last 15 years.
You don’t get to become a billionaire, let alone the wealthiest person on earth, without being a greedy fuck. Remember he never actually wanted to buy Twitter, only tried hard to spin the narrative after being sued into it.
It’s even worse in social media, because most users that sign up stop using it at some point.
So the product can die pretty quick if they don’t generate new users, especially when they alienate old ones.
Indeed. Active users (say, used within the past month) is a much better metric.
I often wonder about this for many (especially older) YouTube channels - your channel is 15 years old, how many of your 500k subscribers actually still watch or even have active accounts?
I wonder what subscriber growth rate a typical YouTube channel needs just in order to maintain a consistent level of watchers?
It’s only a good metric if half of them aren’t bots.
You are a MAU if you use the platform once a month by opening the app by mistake, and also if you doom scroll for 10 hours a day.
You continue to be one if you go from one to the other. Musk has been cherry picking stats before, so what they release will be the nicest numbers they can find.
If we can just get it to fail completely that’d be great, if that’ll make him a non billionaire
How would that make him a non-billionare?
He paid $44B for Twitter, even if it completely failed and he could realize no value from any of the assets. $44B is a small portion of his wealth.
I thought for a sec it was significant
Well, Elmo thought it was going to exceed 1 billion after 12-18 months.
https://x.com/elonmusk/status/1596751751532937217
I’d click on the link, but then I’d be contributing to the stats.
I do remember seeing this tweet quoted on the Elon missed prediction tracker: https://elonmusk.today/
And these are datapoints they release themselves, 3rd party data points hint at bigger losses.